UK aid program seeks to make it easier to do business in Myanmar

The United Kingdom’s development arm announced a £25 million (US$32.5 million) aid program yesterday geared toward making it easier to do business in Myanmar and boosting growth in key sectors of the economy, like agriculture and garment manufacturing. The UK and Australia are currently working with the Directorate of Investment and Company Administration and the […]

Myanmar Cosmetics Association expresses doubts over industry future

Although the Myanmar government has made steps towards growing domestic beauty businesses, the country’s cosmetics body says measures need to be stepped up to protect domestic players. The Myanmar Cosmetics Association (MCA) has recently made an official request to the Myanmar Investment Commission to put the industry on its radar and start both protecting and […]


ANGON, 8 March 2016: A new international terminal at Yangon airport is scheduled to open this week to relieve passenger congestion at the country’s main international gateway. Myanmar Times said the terminal should open 12 March according to Asia World Group, whose subsidiary Pioneer Aerodrome Services is the building contractor. The USD660 million, three-storey building will […]

Speculation squeezes potential gains from Dala property

  The launch of new infrastructure projects often sees property prices surge in the surrounding area. But prices in Dala township, where a bridge will be built to connect the area to Yangon, were pushed so high in the past by speculation that the market has remain unchanged. The Korean-funded project was launched in Dala […]

Workshop on potential for sea bass success

As demand for seafood continues to rise regionally and worldwide, Myanmar has a good chance to develop its aquaculture industry in a sustainable and a profitable way, by investing more into alternative fish species including seabass, a recent workshop heard. The US Soybean Export Council (USSEC) said at the workshop that Myanmar had a good […]

Shan State officials seek new route for China trade

Shan State officials say they are planning to conduct surveys for a new road that would divert traffic from one of Myanmar’s main trading routes and open up business with China. The Mandalay-Lashio-Muse Road, which passes through Shan State, is plagued by constant traffic jams and frequent accidents, said U Aung Kyaw Nyunt, minister for […]

Rubber farmers struggle as prices fall

At Shwe Kokko Myaing’s rubber plantation in Myawady district, crowded trees stretch endlessly on either side of the road. The workers live in old dwellings by the roadside. The five children are used to looking after each other. The oldest, aged eight, rocks his sister’s cradle while fixing lunch for the middle three. Their mother […]

End of a way of life: Burmese islands that are home to 2,000 sea gipsies set to be turned into ‘new Phuket’ with 30 hotels and a casino

Mergui Archipelago in Burma is home to 800 untouched islands but officials says this could soon change 30 hotels and resorts have been given the green lights and officials say these could attract eco-tourists and divers Only 2,612 tourists visited the islands last year, but this is set to soar if plans are given the […]

Rubber price spike starts to erase losses

Rubber prices jumped last week in keeping with world prices and an improved exchange rate, but it is not enough to dig domestic producers out from mounting losses. International prices have plunged by as much as 75 percent from highs reached briefly in 2011, and local prices have kept pace. While there has been something […]

MIC talks projects with senior monks

Government officials met with Shwedagon Pagoda’s Senior Sayardaw Committee last week to discuss several nearby construction projects, a member of Shwedagon Pagoda’s trustee committee U Win Kyai told The Myanmar Times. The chair of the Myanmar Investment Commission and Minister of Energy U Zay Yar Aung, the Minister of Religious Affairs U Soe Win and […]